SiTime Corporation (NASDAQ:SITM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• SiTime has a “Moderate Buy” consensus rating: Eight of ten analysts recommend buying the stock, with an average 12-month price target of $668.13. Recent targets range as high as $900.
• Quarterly results exceeded expectations: SiTime reported adjusted EPS of $2.34 versus the $1.95 consensus and revenue of $157.43 million, up 126.5% year over year.
• The stock remains volatile and insiders have been selling: Shares opened at $543.12, down 6.9%, after trading between $187.56 and $901.81 over the past year. Insiders sold 69,709 shares worth approximately $50.2 million over the last 90 days.

SiTime Corporation (NASDAQ:SITM - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $668.1250.

A number of research analysts have commented on SITM shares. Barclays upgraded shares of SiTime from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. UBS Group increased their price objective on SiTime from $675.00 to $775.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Zacks Research lowered SiTime from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. The Goldman Sachs Group reiterated a "buy" rating and issued a $800.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Finally, Needham & Company LLC raised their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday.

Insiders Place Their Bets

In related news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the sale, the director directly owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 710 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $720.00, for a total transaction of $511,200.00. Following the sale, the director owned 13,141 shares in the company, valued at $9,461,520. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 69,709 shares of company stock worth $50,230,546. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. boosted its stake in shares of SiTime by 188.5% during the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC raised its position in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company's stock worth $27,000 after buying an additional 16 shares during the period. Larson Financial Group LLC grew its holdings in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 96 shares during the period. USA Financial Formulas purchased a new stake in SiTime during the first quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in SiTime during the 4th quarter worth $33,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Stock Down 6.9%

SITM opened at $543.12 on Thursday. SiTime has a 52 week low of $187.56 and a 52 week high of $901.81. The business's 50 day moving average is $637.07 and its two-hundred day moving average is $525.29. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of -537.74 and a beta of 2.94.

SiTime (NASDAQ:SITM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The company's revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts expect that SiTime will post 3.23 EPS for the current fiscal year.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime's products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company's timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.

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